Introduced

In 2006, the Premier League introduced parachute payments to the three clubs relegated at the end of the season.

Under the scheme, a proportion of certain revenues offered to Premier League clubs is given to relegated clubs for a set period of time.

The Premier League pays out in multiple streams, including an equal split for all teams, known as the basic award fund; an amount depending on how many times a team is shown on TV; and a merit payment system depending on where a club finishes in the league (the higher the finish the higher payout, unsurprisingly).

Clubs also take an equal share of international broadcasting revenues, from contracts signed with overseas broadcasters, as well as central commercial revenues.